A price prediction
Predicted price range for Agilent Technologies Our trading algorithm values Agilent Technologies (A) to be fairly valued. ###PLOTLYGRAPH### The red …
Read ArticlePredicted price range for Essex Property Trust
Our trading algorithm values Essex Property Trust (ESS) to be fairly valued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | fairly valued |
| Current trend | downtrend |
| Buy/Sell Recommendation | Neutral |
| Current Price | $229.2 |
| 60 Day Prediction | $231.2 |
| 60 Day Pred - Lower Bound | $214.74 |
| 60 Day Pred - Upper Bound | $247.59 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = -0.157 * nr_days_in_the_future + 235.897
Based on this information, our algorithm recommends the trading decision: Neutral. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
ESS traded at $229.2 this Friday October 14th, gaining since last week.
Looking back, over the last month, ESS has been loosing $-28.32 or -12.356017645072173 percent.
Over the last year, it has been loosing $-100.88 or -44.013957664582385 percent.
Seasonality of Essex Property Trust
Using our AI model, we have been analyzing the value change for Essex Property Trust depending on the day or month of a year. This can be seen in the following graph:
